A contract (CT) is a formal agreement established with a vendor to purchase services.Agreement to Purchase Services • July 10th, 2015
Contract Type FiledJuly 10th, 2015A contract is a written agreement between a provider and the State of Maine describing the services to be performed, the terms and conditions agreed to by the parties, the cost of the services and how payment will be made. The principal purpose of a contract is to purchase, lease, or barter property or services for the direct benefit of the government. A contract is generally awarded to a provider if the provider is the winner in a competitive bidding process (RFP). However, a contract may be awarded if there is a valid sole source justification. The contract document will be an Agreement to Purchase Services (BP-54), which is a legally binding written agreement between the provider and the Department or if the contract is under $5,000 a BP18 contract document could be used instead.